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TwoOne to acquire 66 percent stake in Košice airport

THE AUSTRIAN-Slovak consortium TwoOne will acquire a majority 66 percent stake in Košice airport in eastern Slovakia, the country’s second most busy.

The Slovak government agreed yesterday that it would not challenge the decision of the Anti-Trust Bureau (PMÚ) competition authority, which had already approved the sale.

The TwoOn consortium includes the Slovak capital group Penta, as well as Vienna Airport and the Austrian Raiffeisen Zentralbank. Penta reported that the Sk900 million purchase price for the stake was paid last week.

TwoOne has committed to invest Sk380 million in Košice airport, although the consortium's plans foresee investments totaling Sk911 million by 2015, the Sme daily wrote.

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